Here's Why Roku Stock Has Been Getting Pummeled

It's been a rough few trading days for streaming TV company Roku (ROKU -6.60%). The growth stock has been hammered since last week's earnings report, declining about 30%. This is a big setback to what started to look like a recovery in its stock price last year when shares rose 125%. A rough start to 2024 means the stock is still floundering at levels far below where it traded in years past; shares are down 85% over the last three years.So, what gives? Why are investors moving on from this beaten-down tech ...